Natixis Advisors LLC Acquires Shares of 51,448 Latham Group, Inc. (NASDAQ:SWIM)

Natixis Advisors LLC acquired a new stake in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 51,448 shares of the company’s stock, valued at approximately $350,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock valued at $8,234,000 after acquiring an additional 17,259 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after purchasing an additional 234,930 shares during the period. Roubaix Capital LLC boosted its stake in Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares during the period. Renaissance Technologies LLC grew its stake in Latham Group by 11.2% in the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after acquiring an additional 213,128 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

SWIM stock opened at $6.59 on Friday. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $7.33. The company has a fifty day moving average price of $6.48 and a 200-day moving average price of $5.04. The company has a market capitalization of $761.97 million, a P/E ratio of 73.22 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

Insider Buying and Selling

In related news, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the transaction, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. This represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SWIM. Robert W. Baird lifted their price objective on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Barclays boosted their target price on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus upped their price target on shares of Latham Group from $7.00 to $7.70 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.76.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.